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Posts Tagged ‘Highway Bill’

Innovation Newsbriefs
Vol. 26, No. 8
The FAST Act, signed by the President on December 4, marks the beginning of the end for the Highway Trust Fund as we have known it. The $305 billion 5-year measure draws heavily on general funds (to the tune of $70 billion), and relegates to a virtual anachronism the “user pays” principle that was the philosophic foundation of the federal-aid highway program for the past 60 years.

On Friday, December 4th, President Obama signed into law the first long-term transportation bill the U.S. has seen in ten years. The “Fixing America’s Surface Transportation” or “FAST” Act marks a long-awaited bi-partisan compromise. The act calls for an 11% increase in funding over its five-year span, and makes provisions for $16 billion in annual transportation funding not covered by the gas tax.

Innovation Newsbriefs
Vol. 26, No. 7 (update)
Those who have hoped to see an end to the seemingly endless series of short-term extensions and looked forward to a passage of the long- awaited multi-year transportation bill this year, may have to wait a bit longer. While the Senate has managed to pass its version of a six year bill (though only with enough funding for three years and employing questionable “pay-fors.”) the House Transportation and Infrastructure committee is still waiting to hear from the Ways and Means Committee concerning the funding of its proposed bill, an issue that threatens to delay committee markup and floor action past mid- October according to congressional sources.

Hear Senator Inhofe’s insights on the federal government’s role in infrastructure as outlined in the U.S. Constitution in the latest episode of ASCE’s Interchange video series. Gain insight on the importance of a long-term surface transportation bill, and find out what ASCE members and the public can do to help advance this important cause.

Pat Thomas, first vice chairman of American Trucking Associations and vice president at UPS, talks about the need for a short-term fix for the federal highway program and long-term, well-funded highway bill.

Greg Cohen is President of the American Highway Users Alliance. Mr. Cohen serves motorists and highway supporters as their advocate – pursuing federal policies that improve highway safety and reduce congestion. Members of The Highway Users include 280 diverse businesses, AAA clubs, and non-profit associations that rely on safe and efficient roads to transport millions […]

Innovation NewsBriefsVol. 23, No. 13 On March 14, by a vote of 74-22, the Senate passed an 18-month highway bill (S. 1813) reauthorizing the federal surface transportation program through the end of FY 2013. Twenty-two senators, all Republican, voted against the final bill. While Washington stakeholder interests and advocacy groups applauded the Senate action as […]

Innovation NewsBriefs Vol. 23, No.6 According to the latest (January) CBO estimates, the Highway Account of the Trust Fund is projected to be credited with $168.4 billion in gas tax revenue and interest over the next five years (FY 2012-2016) and the Transit Account with $24.8 billion. Since the House Ways and Means Committee has […]

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